The National Bureau of Statistics (NBS) has reported a significant increase in cooking gas prices for September 2024, with the average cost of a 5kg cylinder rising from N6,430.02 in August to N6,699.63. This marks a 4.19% increase month-on-month and a 59.90% rise compared to N4,189.96 in September 2023.
State Profile Analysis
- Highest Prices:
- Rivers: N7,285.71
- Gombe: N7,271.88
- Borno: N7,089.72
- Lowest Prices:
- Kebbi: N5,950.00
- Kano: N6,133.33
- Benue: N6,143.52
Regional Breakdown
- North-East: Highest average price at N6,929.02
- South-East: Second highest at N6,893.47
- North-West: Lowest average at N6,382.30
12.5kg Cooking Gas Prices
The average price for refilling a 12.5kg cooking gas cylinder also saw a significant rise, increasing by 4.89% from N15,552.56 in August to N16,313.43 in September. Year-on-year, this represents a 76.41% increase from N9,247.40 in September 2023.
- Highest Prices:
- Rivers: N17,992.86
- Gombe: N17,942.86
- Zamfara: N17,475.00
- Lowest Prices:
- Adamawa: N13,983.33
- Nasarawa: N14,938.50
- Bauchi: N15,000.00
Regional Breakdown for 12.5kg
- South-East: Highest average price at N16,957.29
- South-West: Second highest at N16,665.45
- North-East: Lowest at N15,770.75
Kerosene Prices
The report also highlighted a rise in kerosene prices, with the average retail price per litre increasing to N1,957.44, up 5.97% from N1,847.59 in August 2024.
These price increases reflect ongoing inflationary pressures in Nigeria, as households continue to grapple with the rising cost of essential commodities
